Insurance Policies Must Be Read Holistically: NCDRC Holds LIC Liable For Deficiency In Service

Copy of Other Prospective Resolution Applicants’ Plans Cannot Be Shared When Suspended Management Is Also a Resolution Applicant: NCLAT The NCLAT ruled that during the Corporate Insolvency Resolution Process (CIRP), the plans of other prospective resolution applicants cannot be shared when the suspended management is also a resolution applicant. This decision strengthens the confidentiality of the resolution process, ensuring that the interests of all parties are safeguarded and preventing unfair advantages. The ruling provides clarity on maintaining confidentiality in insolvency proceedings under the IBC.